Browsing Category
Economy
Nigeria Spends N3.14trn Servicing Domestic Debt in Q1 2026 – DMO
Nigeria’s domestic debt bill continued to climb in the first quarter of 2026, with the Federal Government spending…
Nigeria’s Tax Revenue Soars to N27.1tn as Collections Jump 113%
Nigeria’s tax revenue has more than doubled in less than three years, climbing from N12.3tn in 2023 to N27.1tn by…
Fuel Subsidy Cost Nigeria N1.16tn in 2021 as Senate Panel Threatens…
Nigeria’s fuel subsidy bill hit a staggering N1.16 trillion in 2021, as the Senate’s ongoing investigation into the…
CBN Survey: Multiple Taxation Remains Nigeria’s Biggest Business Headache
Businesses across Nigeria are still struggling under the weight of multiple taxes and levies, despite the Federal…
Africa50 Secures $50m to Fast-Track Green Infrastructure Across Africa
Africa50 has secured $50m in fresh funding from two international development finance institutions to speed up the…
Ghana’s Inflation Falls to 4.6% as Food Prices Ease, Boosting Economic Recovery
Ghana’s inflation rate took a welcome step downward in July, falling to 4.6% from 5.3% in June and marking the…
IMF Urges Ghana to End Quasi-Fiscal Activities After GH¢22 Billion Gold Programme…
The International Monetary Fund (IMF) has called on Ghana to permanently end quasi-fiscal activities after the Bank…
Nigeria’s Business Growth Faces New Threat as Rising Costs Stall Investment Plans
Nigeria’s economy is showing encouraging signs of recovery, with businesses recording stronger production, rising…
Tinubu Credits Economic Reforms for Record Profit Growth of NGX Companies in H1…
President Bola Tinubu has attributed the impressive financial results posted by several companies listed on…
Nigeria’s cement firms rake in N3.2 trillion in six months amid price hikes,…
Nigeria’s cement industry has recorded one of its strongest performances in recent years, with the…
Afreximbank Loans US$190 million to Zimbabwe’s CBZ Bank
The African Export-Import Bank (Afreximbank) has strengthened its commitment to Zimbabwe's economic growth by…
CBN says naira FX gap falls below 2% as reserves top $52.5 billion
The Central Bank of Nigeria (CBN) has announced that its monetary and foreign exchange reforms are beginning to…
Nigeria’s $4.5bn Oil-Backed Loan Refinancing Set to Boost Naira, Strengthen…
Nigeria's efforts to stabilize the naira have received a major boost after the National Economic Council (NEC)…
CBN Cuts Government Financing as Assets Surge Above N138 Trillion in Push for…
The Central Bank of Nigeria (CBN) has taken another major step toward strengthening the country's economy by…
Nigeria’s purchase cost inflation hits five-month low as PMI stays above 52
Nigeria’s private sector remained on a growth path in July, with businesses benefiting from stronger customer…
Renewed demand lifts Nigeria Eurobonds after previous selloff
Nigeria’s Eurobond market has bounced back strongly after a brief period of losses, with renewed investor demand…
AfDB: West Africa misallocates capital despite $100 billion annual development…
West Africa is not facing a shortage of money to fund its development ambitions—it is facing a much deeper problem…
Nigeria earns N24tn from crude exports in six months
Nigeria earned an estimated N24.02 trillion from crude oil exports between January and June 2026, reinforcing the…
Top Nigeria Business Events to Watch This Week: NBS IGR Report, Investment Expo…
As a new week begins, attention is turning to a series of major economic events and policy announcements that could…
Ghana’s Cedi Loses Crown as Africa’s Top Currency After Stunning 2025 Rally
After delivering one of Africa's most remarkable currency recoveries in 2025, Ghana's cedi has suffered a dramatic…
Nigeria First Policy Must Work For Manufacturing Sector – Stakeholders
Nigeria's manufacturing sector could be on the verge of a major transformation following the Federal Government's…
Nigeria’s $1tn economy by 2030 not slogan but target – Oyedele
Nigeria's ambition to become a $1 trillion economy by 2030 is more than an ambitious promise—it is a measurable…
Nigeria’s Private Sector FX Demand Soars as Foreign Exchange Outflows Hit $16.3…
Foreign exchange demand from Nigeria's private sector surged dramatically in 2025, with autonomous foreign exchange…
Nigeria’s E-Invoicing Rollout Exposes Compliance Challenges for Large…
As Nigeria officially enters a new era of digital tax administration, many of the country's largest businesses are…
FG to publish detailed account of petrol subsidy savings, says Taiwo Oyedele
The Federal Government has announced plans to publish a comprehensive breakdown of how funds saved from the removal…
Cardoso Predicts Lower Interest Rates as CBN Reforms Strengthen Nigeria’s Economy
Nigeria’s high interest rates may not remain for much longer, according to Central Bank of Nigeria (CBN) Governor…
US tariff threatens Nigerian exports, foreign investment, group warns
The Sea Empowerment & Research Centre (SEREC) has warned that the United States' decision to increase import…
NESG Warns Nigeria’s Economic Recovery Could Stall Without Sustained Reforms
Nigeria's economic recovery is showing encouraging signs, but the progress could quickly unravel if the Federal…
Nigeria risks missing AI revolution, World Bank economist warns
Nigeria could miss out on one of the biggest technological transformations of the century unless it acts quickly to…
Non-Oil Exports Drive Nigeria’s $71bn FX Inflows
Nigeria’s push to diversify its economy is beginning to pay off, as stronger non-oil exports helped drive…